Industry News
Industry Week: Metalformers Face Raw Material Price Hikes and Labor Shortages
“Average lead times at metalforming companies are increasing with barely any sign of slowing down. Just over six in ten survey respondents said average lead times are longer than they were three months ago. That number fell three percentage points from August, when it read 64%. More than half of PMA members have reported increased average lead times for every month since February 2021 now.”